Results 1 to 2 of 2

Thread: how to claim expenses (for tax purposes) from a home office run business??

  1. #1
    Silver Member
    Join Date
    May 2010
    Location
    durban
    Posts
    419
    Thanks
    128
    Thanked 61 Times in 52 Posts

    Angry how to claim expenses (for tax purposes) from a home office run business??

    I own a CC. the CC is a motor dealer,vat registered etc. I operate from home. So there is no rental, electricity,land line phone (except cell a/c which is in the name of the CC), cleaner,30 cups of tea that i have ever claimed against profits.

    My two monthly vat payments are always in excess of R10 000. I draw a salary from the CC on which i pay tax, my CC pays tax on its profits. The question is how do i claim all these other expenses that clearly contribute to the generation of income & profits?

    Please help.: mad:

  2. #2
    Gold Member
    Join Date
    Mar 2012
    Location
    Vanderbijlpark
    Posts
    886
    Thanks
    83
    Thanked 381 Times in 298 Posts
    You need to consider that in that instance, the expense for the cc is an income for you and might be more hassle than what it is worth.

  3. Thanks given for this post:

    flaker (04-Apr-14)

Similar Threads

  1. Home office vs working from the employers office
    By Christel in forum General Business Forum
    Replies: 25
    Last Post: 17-Mar-14, 07:50 PM
  2. Replies: 4
    Last Post: 10-Jul-13, 10:47 AM
  3. Home Home office
    By Taxempt in forum Tax Forum
    Replies: 0
    Last Post: 23-Nov-11, 08:29 AM
  4. [Question] Home Office - What monthly Expenses are Legally deductible and how is it determined?
    By Constance in forum General Business Forum
    Replies: 3
    Last Post: 06-Oct-11, 10:34 AM
  5. Safe at your home office?
    By Ann Williams in forum Scam Alert Forum
    Replies: 6
    Last Post: 21-Sep-08, 11:21 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •